TIMBER PROSPECTS BRIGHTER.
"The past twelve months have again been very difficult for the timber industry, but ive are pleased to report that there are unmistakable signs of steady improvement," states the annual report of the directors of Taringamutu Totara Sawmills, Ltd., a Wellington company, owning mills and property near Taiimaruniii. The loss for the year was £2085, compared with a loss of £6096 in the previous year. In analysing the year's operations, the directors" state that the first six months showed a loss of £1906, including depreciation, while' the last six months' operations resulted in a loss of only £179. Operations have been completed for the working of a block of mixed timber. During the year a further 200 acres have been sown in grass and additional stock acquired for. the farm, which is once more paying its way. The debit in the profit and loss appropriation account is increased to £9587. The capital of the company is £60,000, in fully-paid, £1 shares. The total-pf. assets is £75,375.
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Evening Post, Volume CXVI, Issue 145, 16 December 1933, Page 12
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169TIMBER PROSPECTS BRIGHTER. Evening Post, Volume CXVI, Issue 145, 16 December 1933, Page 12
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